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, and it does appear according to nbc news sources in law enforcement, that there is some video of somebody placing a black bag or a dark bag at the site near the site of the explosions. we should caution that there may have been a lot of people placing bags on the ground, as they come to watch runners pass the finish line. that may not have been the bomb at all. but if you are an investigator trying to get to the bottom of this, that's someone opportunity to talk to. and what law enforcement sources are telling us is that there are a lot of people now that they want to talk to based on all of this evidence. but with everybody, world media here, law enforcement agencies from around the country, really lacking at this, there are a lot of -- there's a lot of information that's flying around and a lot o opportunipportuniti to conclusions. that appears to be what happened. nonetheless, they've made some tremendous strides. we can see that based on what we're looking at on the ground since the attacks on monday afternoon. guys? >> a great rundown, scott, of what we know and don't know at this po
does law enforcement approach this scenario? what do you think the next few hours will look like? >> i think it will be a deliberative and careful process. as you say, they are closing in on the suspect and that is tightening. one of the concerns is does this individual have explosives attached to his body, has he taken someone hostage. is that wired explosively and we've seen that in other plots as the net tightened that the individuals decided to use explosives. >> we have boston p.d. on this, there's fbi, there's atf and massachusetts guardsmen. who is in the lead here? >> the lead will be the joint terrorism task force which is led by the fbi. so in a sense, they're organizing all of the constituent agencies and giving direction. i wonder, someone mentioned the events in the last three hour, this all was an attempted robbery. an m.i.t. rob shot and killed, grenades thrown from a vehicle. report of the dead suspect having an ied on his person. characterize, scale from one to ten, level of danger as they get closer to this remaining suspect? >> i would say it's about a level eight. b
. >> this gun bill is open to amendments including any state obey other state's concealed carry laws. that got more votes on the gun bill. given democrats couldn't even get this to work, does it feel like the whole bill was doomed to the start? >> which makes you wond whrer they counted noses properly back in january. remember, it was after the horrific events in connecticut. there was an emotional moment and maybe the president said look, i know the votes aren't there. we're going to build and build and build just as the votes aren't there for healthcare initially. maybe he said we've got work to do. i'm not going to shy away from the fight. it does make you wonder whether on an issue like gun control they should have said earlier on, guys where are the votes? who do we need to work on? how do we get pryor and heitkamp? >> john: i know god forbid they find out the gun used to kill the mit cop was purchased illegally. it will be politicized all over again. i want to switch gears briefly because i can't keep you for the full hour. the rating agency, standard & poors, our old friend they want to
>> is this evident? >>> well more than the evidence is law enforcement and others have said at the federal state and local level and indeed from the region, we have an unprecedented level of law enforcement support and they are working very well. >> what is the process so far that helps you understand maybe for the materials and the level of complementty of the device -- complexity and the origin of the devise? >> i think i know what you are getting at. i can't comment on that aspect of that. what is important to say, what i would like to on behalf of the boston j.t. tf today, they say there is no known threat where we are conducting investigative activity and i want to put that out to the citizens and the city of boston and the commonwealth of massachusetts. >> do you know anything about the nature of device -- [inaudible] >> i am not going to be able to comment on the nature of the device right now. >> are they in custody right now? >> i'm not going to say who or who might not be in custody right now. >> is there one person from ocean avenue that are -- and [inaudible]. >>
law enforcement officials would be thinking at this time. >> well, i think the main goal right now is to get this other guy in custody before he hurts anybody else and try to close out the situation. he's a very, very dangerous person. i don't think anyone is safe in that area until he's apprehended. and it sounds to me like he doesn't want to be taken alive. so there could be another chutout before this whole thing is over. >> that's what you speculate because the other suspect had an ied strapped to his chest? >> absolutely. we don't know the whole background on these guys. we don't know what their motive was. we don't know exactly all the things. a lot of it is going to be -- we're going to determine that in the next several hours. but it doesn't sound like they want to be captured or he wants to be captured and go through the justice system. i think he's going to shoot it out within way or the other. >> let me ask you a quick question. can this be done by two individuals? meaning do you need more of a support system to get all of the materials that were clearly required to this
? >> well, first of all, is public safety, of course. there are armed law enforcement officers, federal, state, local, out there trying to get this guy. another suspect is armed. may even have a suicide vest on. they have additional explosives. unfortunately, civilians will just get in the wake. that would be a terrible -- terrible tragedy if someone comes out of the door a think it is in the vicinity of where the suspect is and someone gets shot. very important that people stay and of the late, let law-enforcement do their job. get this person, apprehend them and start to figure out what else we need to worry about and then, obviously, go back to figure out what we missed, we should have known, what the connections are inside or outside of the country. dagen: can you give us any prospective? these two brothers had been in the u.s. for at least ten years coming year originally from chechnya to my coming here with roughly 2002-2003 based on reports. and then executing allegedly this bombing at the boston marathon. can you compare this to anything of this country has ever seen or face bef
devastation. it started out as a law enforcement investigation, but as authorities said last night that is likely to change. >> this will be a combined, federal, state and lookal effort. it will be an ongoing investigation, it is a criminal investigation that has the potential -- is a potential terrorist investigation. >> our next news briefing is just minutes away at the bottom of the hour and cnbc will carry at least part of that live. it is going include massachusetts governor deval patrick and the fbi special agent in charge who you just heard of, massachusetts, two u.s. senators are both at the westin hotel behind me and a large amount of media from around the world. everyone asked me the same question, which is why? david? >> thank you very much, scott cohn reporting, of course, from boston. after a very rough monday which sought dow plunge by almost 266 points since the biggest drop in november. futures are on the rebound. better than expected from coca-cola and johnson & johnson, but on the flipside, target warning that its first quarter earnings citing expectations and cit
. the death toll still estimated at 5 to 15. >> one of the missing persons was a firefighter/law enforcement officer. i can tell you that individual has been found. he is in a hospital and he has some pretty serious injuries. i don't know the status whether it's critical, serious or whatever. but i was told he is in the hospital. has pretty serious injuries. there are still firefighters missing. >> police say there has been massive out pours from governor's office to feds and other agencies. in the nearby town of abbot we got this video in. 100 cots have been set up to take care of people who will be left homeless and grief counselors to deal with what's happening. >>> we are also now getting reports of lewding happening in the damaged neighborhoods. >> that is a significant concern to us. this is a community that we are going to do our absolute best to protect. and if that means offending folks by not letting them come home right away to keep them safe and neighborhood safe, we'll do that and apologize later. >> you are looking at video that was shot overnight. in terms of new pictures, we
? this will profoundly change the way we live our lives. this, obviously happens to human beings. the law is, in public there is no expectation of privacy. what we are looking at right now, the microphones and cameras are legal. the police would have to go to a judge with probable cause. what crime have i committed? probable cause of crime. that is still the law of the land. the question is, will the courts and police respect the law of the land or will they be so terrified of terrorists that they will disobey the law of the land and then they, will be taking away our freedoms. dagen: we have given so much of of our freedom. basically, should the government have the right to look into that information? should we give the government greater leeway because the world has changed that way? >> i do not think we should. would it be easier if the police could break down any door they wanted and arrest whoever they wanted? who would want to live in such a society. in east germany it was a crime to fail to report another crime. if your observation of a crime was on tape, not only would the crime be prosecuted,
that there will be some change in the electoral law, in the expanse public sector and for the italian politics and some changes in terms of structural reforms that could carry over until the beginning of next year. while obviously it's not the ideal scenario overall, because italy needs something more than just a little changes here and there, but that would be the first step in the right direction. >> right. and as annalisa says, futures could cause near term volatility. thanks very much. she's a senior economist at new edge. speaking of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want
is a brilliant law enforcement person but i always think the law enforcement person should be the head of the enforcement digs not a person at the top of the sec which sets a broader agenda which regulation is big thing that is unw problems she will face. let's hope she brings its up but i'm doubtful and this stuff will keep going on. lori: this happen so fast, in the blink of an eye and then recouped it. would this happen in the open outcry system? >> probably not they would say don't throw the baby out with the bath water. there is efficiencies when you hit a button to bypass a human being. i will tell you someone coming on here talking about jon corzine is not talking about jon corzine now which is little strange. melissa: that is the main story. you came here to talk about that. >> i'm just saying, specialists did prevent the wild volatility and that was a good thing. here is what we know about corzine if few minutes we have, i will throw this out there, he is not yet, he has been sued by louie freed, the bankruptcy trustee. i believe negligence was the word that freed threw around
or ideas the united states. connell: i asked about the role of companies, but what about law enforcement? say, for example, in the video referenced, just one example, but producers find a how-to video yesterday; right? it's gone today. what is law enforcement doing? monitoring videos and help to be out there, law enforcement get them clues about what people watch and are doing? >> may well be. first of all, we have a generalceps of what's out there to be consumed. more specifically, i expect intelligence agencies have the capacity to know who is hitting which sites and when, and that could be valuable in terms of trying to solve the mystery of who done it. dagen: in terms of these more crude devices, as an example of this, what we've seen from the pressure cooker bomb in boston, is it easier than, though, to track down the possibly -- potential suspects? do you have more evidence because these are not as sophisticated devices? >> well, yes and no. the less sophisticated the device, the more likely it could have been brought off by hymn. if there's any indication by himself, it's harder f
to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and make your business dream a reality. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative soware on the planet... dragon is captured. is connecting today's leading companies to places beyond i siemens. answers. melissa: we have more breaking news right now. reuters reporting american air lirps halted nationwide depart tus until 2:00 p.m. eastern time. american eagle, regional flights at dallas-fort worth, laguardia and chicago o'hare reports also halted until 2:30 p.m. i think we meant reuters was sourcing that. they're reporting american airlines halted nationwide departures until 2:00 p.m.. if you have a flight, better check. lori: what an inconvenience. all right, social media has had a huge impact on all are our lives in the wake of the disaster the importance of this new tool can not be ignored. our own shibani joshi has been doing rep
're sharing it with other law enforcement agencies, just trying to see if anybody knows this person and there is to doubt a strategy to that. but they don't want to get the information or any pictures out of the public yesterday to perhaps clue this person in on where they're at in the investigation. so we can't independently verify any of those other pictures that are floating out there and i can tell you that the authorities have not officially released any pictures. >> has there been a sense of frustration from the authorities, scott, because of all of the, you know, head fakes and misinformation that has gotten out, some of the early stuff that's been out, also because of potential media that's made it easy to make these pictures go around very quickly. >> well, i'm sure there's a great deal of frustration. we've with he got the fbi's statement that came midafternoon yesterday after the false reports of an arrest. that was pretty strongly worded that said that basically admonished the media to vet your information better. that said that the reports of an arrest were erroneous an
the latest out of the boston area. it began last night, in fact. two men identified by law enforcement sources as the boston marathon attack suspects armed with explosives and guns were battling authorities in a suburb of boston suburb watertown this morning. there was chaos until police took one man into custody and the other one fled. he is said to be armed and dangerous. one of the suspects taken into custody is dead. the other is still on the run. the standoff erupted shortly after the shooting of a police officer. now, references the photograph released by the fbi on thursday, authorities say it's the white hat suspect known as suspect number two who remains on the loose. again, as authorities told us in a preference conference this morning, he is considered armed and dangerous, a threat to anybody who might approach him. that's why the authorities in that area are warning residents in the area to stay in their homes. they're warning motorists, as well, moving through obviously not to pick up anyone that they might see on the road. there are reports of explosive devices. one resid
's marathon bomb, now responding to investigator's questions. law enforcement trying to piece together what was behind the attacks. scott cohn has the latest on the investigation. good morning, scott. >> good morning, andrew. we expect there could be criminal charges against dzhokhar tsarnaev today. chillingly after the bombing a week with ago today, he and his brother tamerlan appeared to resume their normal lives. friends say he was at dartmouth, work withing out at the gym, talking about the bombing. and they are still in disbelief. >> it's hard top comprehend someone could go doing normal college kid stuff to bombing a marathon. >> and that about the older brother, tamerlan, 26 years old? he apparently talked to his parents in russia after the bombing and said everything was okay. he he went back to russia last year and was not interviewed afterwards. that has some on capitol hill wondering how did the intelligent agencies miss this? >> the fact that we could not track him as to be fixed. it's people like this that you don't want to let out of your site. this was a mistake. i don't know
. ♪ >>> details emerge in the boston bombing investigation. we will bring you the latest from law enforcement officials on possible suspects and bomb materials. plus the reaction in the markets. >>> bank of america reporting. first number that the company's giving is 20 cents a share, net income of $2.6 billion. >>> we've got an analyst to break down the results. >> volatility and equities and commodities. we're going to tell you what's driving moves in stocks, currency and gold. the third hour of "squawk box" begins right now. >>> welcome back. welcome back to "squawk box" here on cnbc. i warned you. first in business worldwide. i'm joe kernan along with becky quick and andrew ross sorkin. >> good morning. >> we're looking at the boards. u.s. equity futures down 91 points now. better than they were before. but a little disappointing given that we got back like 160 points of that big selloff that we saw on monday. which was hard to -- before. once boston happened, it made sense. but before that -- >> it started before that. >> commodities going down should be good. but what it means is when y
secretary jay carney. >> this is the result of sequester that was never meant to be law. it was never meant to be law for reasons like this. congress can act. it could have acted in the past. it could have brought down the sequester and avoided it entirely. congress could act now to do that. republicans in congress could decide that the victory party is over and it's time to get serious about the economy. >> reporter: now, it was never meant to be, but it is a fact of life for travelers just as the summer traveling season begins to heat up. bill? >> hampton, thank you very much. so what impact will an air traffic control slowdown have on the airline business and on their stocks? joining us, seth caplan, managing partner at airline weekly. an online airline industry newsletter. and our own phil lebeau joining us as well. seth, obviously the sequester was meant to be a worst case scenario. nobody wanted to see it happen, but it has. is this the worst case scenario for the airline business right now in your view? >> not the worst case scenario, but it's certainly very frustrating. for the all
to law enforcement sources and multiple reports. we're looking at a potential suspect identified now. lori: let's look at the stock market in reaction to the latest breaking news that a suspect has been identified in the boston bombing, still down, a sharp selloff. off 150 points. let's check in from nicole. she is monitoring things from the new york stock exchange. >> right. it is the kind of day where we have had down arrows all day long. almost every name on the s&p 500 has a down arrow. 47 names at one point were lower -- 487. a few are trying to squeeze out some gains. you're eseeing broad based selling. weakness in the dollar and in europe. in addition to breaking news out of washington and boston. take a look here at dow component caterpillar down over 2%, the biggest loser this year. it is a big loser today. downgraded and deere also lower. lori: thank you. melissa: wall street fear gauge, the vix, trading near a two-month high. what is it trying to tell us? sandra smith in the pits of the cme. sandra. >> this is spike in the vix. it is above 17. this is the highest level we'
bureaucracy. the way they arranged the law, they have few other options. >> the faa unlike other agencies is personnel heavy. in the end you can not avoid, when 70% of your operating budget is personnel you can not avoid when the cuts are deep as they are in the sequester the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across-the-board cuts like this. >> but the airline folks, the folks who represent the airlines, say basically when you talk about a $16 billion annual budget at the faa you can find other ways to cut. therefore they have filed a suit. they're calling for a 30-day stay on all of this to find better ways instead of randomly cutting air traffic controllers. the way this works some 15,000 air traffic controllers nationwide, everyone has to take one day off every couple weeks. back to you. david: rich edson, in d.c. rich, thanks very much. liz: betting on the great outdoors? mgm resorts international where the company wants you to stay indoors in the casino, certainly is. the chairman and ceo is telling us why they're hoping a bit
to mobilize and deploy all appropriate law enforcement resources to protect our citizens and investigate and to respond to this attack. obviously our first thoughts this morning are with the victims, their families and the city of boston. we know that two explosions gravely wounded dozens of americans and took the lives of others, including an 8-year-old boy. this was a heinous and cowardly act and given what we now know about what took place, the f.b.i. is investigating it as an act of terrorism. any time bombs are used to target innocent civilians, it is an act of terror. what we don't yet know, however, is who carried out this attack or why, whether it was planned and executed by a terrorist organization, foreign or domestic, or was it the act of an individual? that's what we don't yet know and clearly, we're at the beginning of our investigation. it will take time to follow every lead and determine what happened. but we will find out. we will find whoever harmed our citizens and we will bring them to justice. we also know this. the american people refuse to be terrorized. because wha
: but in that magazine -- joining us is a professor from nyu law. how about this intelligence that is coming out? >> it feels just right to me. fear right after 9/11 would be that they would be sleeper cells. the real threat comes from people who self radicalized. dagen: this is equally frightening, if not more frightening. the fbi was told by russia to look into the elder brother and we did not have a grasp. >> absolutely right. we are already learning, just as you said, that there have been a couple evidence data points that were probably lost but authorities along the way. we are learning that some of the brothers attended and objected to the more mainstream peaceful message coming from the pulpit. connell: may be unfair, but at the same time, when you are here in new york at the local level in something similar came in, and about new york city, is there something that should have been done differently? >> i will have to learn a lot more about what really happened in boston before i judge a situation there. authorities are caught in a very difficult situation. can you follow someone? are ther
, provide a safer environment for law enforcement activities. logan airport remains open under heightened security and those flights are departing and arriving on schedule. melissa: thanks so much. we want to keep you up-to-date on the latest developments out of boston. we are a financial network so we want to bring you up to speed on how the boston-based businesses are eacting to the situation. emc corp. telling fox business they have asked employees to work from home today if they live in affected areas. we heard from l p l financial closed their offices and told employees to stay home. these are a few companies that are headquartered or had prominent office in the boston area. we are following the details on the unfolding manhunt in and around boston and we will bring the latest information as we receive it. melissa: we are live on the trading floor of the cme and the stock exchange coming up next. lori: exclusive interview with vanguard ceo bill mcnabb, best selling mutual fund company on record-breaking first quarter. melissa: look at medals as we head to break. the stock market dow
injured. and now a full blown law enforcement investigation going on led by the fbi. >> this will be a combined federal, state and local effort. it will be an ongoing investigation. it is a criminal investigation that is -- has the potential -- is a potential terrorist investigation. >> and, of course, terrorism, the operative phrase here, whether it was organized terrorist groups, whether it was a smaller group or whatever, we don't know. there have been claims of responsibility online, but authorities are suggesting to nbc news that a lot of that is background noise. it might be people who are just being opportunistic. so we will see what happens. we're still several hours away from the next press briefing at 9:30 eastern time where we'll hear more from the fbi, what they found overnight and we should point out that authorities were at an apartment building in revere, massachusetts, about 20 miles away from here. we do not know what relation, if any, there was to the incident but it was a federal search warrant reportedly that was carried out. guys. >> do we know i
things are temporary and they'll go away, we hope. >> my goal is i want to go back to law school and become a lawyer for bank of america. this is the most remarkable quarter where j.p. morgan beat them in credit card and pnc beats them in all lines, but in the end we got them here at the conference call because i just don't believe too could be that sluggish or that merrill could have such bad trading. there is a code here and i don't have it yet. i just don't believe that bank of america is this bad. i just don't think it's that much of an outlook. >> the stock is down, not a terrible move dunn. there was some litigation expense that perhaps was unexpected related to countrywide. the story in part has been let's release those litigation reserves that they've been building up, but not as much as had been hoped. that's still out there. >> you're taking a billion in costs and shouldn't you explore the earnings line? >> that's a lot of cost to take out, but you have to give credit, at least that they have been successful in doing what they said they would when it comes to costs. >>
put the law on your side. ♪ lori: it is time to make a little money with charles payne. he is taking a look at one of his favorite athletic companies. why do you like yoga pants? charles: i bought one pair of pants and connell will never let me forget it. melissa: for your self? charles: yes. the guy had a tremendous stuttering problem. i was so impressed with this guy. he comes to work everyday and he is not afraid. that is a whole different story. this sheer thing that they have the problem with, it is interesting. as the days have gone on, one thing we have learned is it is not that people are going anywhere else. the core customers are saying, this is the product. we know they will have some inventory issues. i think, ultimately, we have learned that this is a product that people love and people will pay for. lori: some people like the chair pants. [ laughter ] charles: they said they will change the testing. they will change leadership and structure. by the way, last quarter, same-store sales were up 10%. phenomenal stuff. we know it is really volatile. i like it a lot geared i
. i will fight it out. this will throw securities law from that will whole into complete chaos. the other half as criminal that is where people have to remit or deny wrongdoing. so can they bring a criminal case? so based on what i know matthew is not cooperating with the analysts a ball for the take the $602 million the one that basic -- basically had those tips from of a doctorate deadly about the drug trials. he had a 20 minute phone call to steve:and people believe something was shared right before they started to sell massively. that is a criminal case if they could get matthew to flip they think they could probably have a criminal case against these:but that is frustrating that they cannot get him to flip. he is not as of now for prizes gets closer the likelihood of charges against steve:becomes very slim because of the statute of limitations. these civil cases george if the judges force the firms to force wrongdoing there will be a massive backlog with no more settlements. cheryl: we love it good stuff closing bell will ring in 16 minutes american airlines forced to grou
, just imagine what those watertown police did putting lives on the line as just one example of the law enforcement. liz: oh, my gosh, i didn't know that, wyc. up believable. security ramped up, you guys are focused on security. i've been to many games there, but anything ramped up there? >> caller: well, it's ramped up, but we can't talk about it, but it's always ramped up for the playoffs. it's been ramped up since 9/11. always metal detectors and other hidden forms of detection and surveillance, and we want it to be a safe place to congregate. there's a number of red sox games, including another one tonight so, you know, we're trying to get back to normal. normal means heightened security. that's the way it is these days. liz: timely, look at what's happening with basketball. it's only gotten more popular. the nba working with all team owners really managed to come back and find a way to get even more people excited about this. you know, recently, you had all kinds of exciting moments, and you get the all-star game, 8 million people watched, 13% more than expected year over year. to
in the boston bombing. that proved to be erroneous. law enforcement pouring cold water on the story and the market is bouncing around. to what extent is the market being affected by the terror news? >> hi, david, hi, lori. the real terror news is not after effecting market. we had effect monday late in the day after the bomb but the markets bounced back. with ricin and catching of the suspect really had no effect. the market has stayed pretty stoic. it is lower and trying to work its way lower and we're a at a key level. 1550 is the key level. the cash held. if we break we'll go a lot lower. lori: todd, don't you think this market is looking for an excuse to sell off? we've been whipsawed the last three trading sessions with pretty wide swings here. thanks for mentioning the technical level to watch for, s&p 500 the we're in earnings season. could this be a shoe that causes inflection? >> the market certainly is searching for some kind of fundamental news bomb, that will cause some fear and force this market down. while nobody is watching the financials have been really struggling t
and the wind. the way they have decided to enter the way they are supposed to cut these under the law maximizes the input. >> they have never been furloughed before. the professional deep the planes in the air. they get them to the ground. rich: we have contacted the faa repeatedly this morning. take a look at the numbers. 16 billion a year. total employees for the faa, 47,000. 50,000 of them are air traffic controllers. they are supposed to take one day off every other week. to you. connell: rich, thank you. let's go to the fourth opinion editor. he joins us from washington delta. the politics of this is interesting. we are just getting started this week. what is the political impact, in your view? >> i think political impact is very bad. it's a black guy for the obama administration, congress and the faa. this is going to come back and haunt washington in a major way. connell: you said it would be disastrous for the administration. why? >> well, i think ultimately the jury understands there are always ways to cut spending. it would make the obama administration appear as though it is making s
as a result of the law? >> in a general sense, yes. i think some of the banks like ubs have already progressed a lot, in that direction. other banks are still trying to sort of, you know, postpone that strategic and structural debate. >> so how does this play out? every analyst report i read, it's not about earnings growth, it's about all these regulators and what this is going to mean for the major banks. >> sure, and when we embarked, and i was part of the group that was rewriting this global regulation, one thing we always tried to make sure, that is a level playing field. i think over the last two years, the whole regulation has swung somewhat away from trying to ensure a global level playing field, and with global systemic surcharges for all the global banks being the stapame to regulators forcing a lot more on local operations. so i think they need to get that process back to the fsb, back to the g-20, and really have a discussion about the global level of the playing field for regulation, because we're all global banks now. and you cannot avoid a financial crisis of dimension of the las
with a senior federal law enforcement official point-blank telling me that they still have no really idea how this happened. i mean, there was one gentleman -- liz: your sources were right on the money shortly after 3 p.m. when they old you there were ball bearings pack inside the bottom. sure enough -- >> reporter: yes. and by the way, those are all sort of, is and it gets back to what immelt said, those are hallmarks of terrorism. terrorists use ball bearings to inflict as much human loss as they can. that's a hallmark. and when businesses hear that, they -- this does have, i know it sounds like a leap, but it's not. this does have a business impact, because the fact that wily -- we live in this uncertain world -- liz: adam goldstein said they're not going to allow this, but what they say versus what they do -- >> reporter: listen, there's a reason why all these businesses have cash. they are preparing -- listen, yesterday budget as, thank god, wasn't as bad as 9/11. i was at "the wall street journal" at the time, we were located across from the trade center, massive amounts of human life,
've never seen a more shareholder friendly ceo. >> by the way, if you are a law firm or investment bank out there, apparently you still have a chance to sign up with that special committee and advise them. unclear who they've hired at this point. doesn't appear they've decided fully yet. so fees. fees. go ahead. hit the phones. >> got to watch pepsi which is just breaking out here in this market. it's taking the leadership role today, 5% gain. >> it's remarkable! growth is accelerating. developing markets bust 12%. latin america's on fire. guidance was terrific. they raised the dividend rather substantially. this was a domestic company -- largely domestic company before indra newy took over. >>> pisani mentioned some of the ipos. hasi, the price talk was between $14 and $16, priced at $12.50. now $11.55. >> that's a little disappointing. >> full name is hannon armstrong infrastructure capital. >> you hear the word financial and people just don't want to buy anything financial. doghouse. >>> speaking of which, apple also back -- >> how is apple doing? >> there it is. $400. >> if you say anyt
bombing investigation and border security. kyle law? >> reporter: dave, homeland security secretary napolitano says her department is very much still involved with the ongoing investigation in boston. napolitano says homeland security wants to know what led up to the boston terror attack and how one of the suspects went off the radar after being interviewed by the fbi. some senators are demanding answers to national security questions surrounding the boston bombings before moving forward with immigration reform. others argue criminals could be brought out of the shadows. when it comes to border security, napolitano says the number of agents patrolling. the bodder has more than doubled since 2005. >> two major drivers across that southwest border are labor and the fact that it takes so long to get a legal visa. >> reporter: she argues the bipartisan immigration bill proposed last week would help with the employment verification process and from her people to find work here. the entire senate has to consider the legislation. that's not expected until june. meanwhile the house of repre
, marking a dramatic turn for law enforcement officials trying to piece together what was behind that attack. our scott cohn is in boston and has the latest on the investigation. scott, good morning. >> reporter: good morning, carl. it's hard to believe it's been one week since those horrible bombings at the end of the boston marathon. later today at 2:50 local time, the precise time of those bombings one week ago, there will be a moment of silence in boston and church bells will toll throughout the city. dzhokhar tsarnaev, the 19-year-old bombing suspect remains in serious condition where he is recovering from his wound, but apparently he is alert enough to begin responding to some of the investigators' questions. many of those responses in writing because he has gunshot wound possibly, self-inflicted to the throat, but amazingly, he and his brother for some three days managed to hide in plain sight. dzhokhar at umass dartmouth where he was a student, he worked out in the gym, even talked to friends about the bombing. imagine how chilling that was for his classmates. >> i'm in diss belief,
a continued heightened law enforcement presence as the city tries to come to grips with a violent attack in the heart of boston. and that was katie davis there with that report. now london's metropolitan police are reviewing security plans for this sunday's marathon after the explosion in boston. the minister told bbc the best way to show solidarity with boston is to continue the race as the french president has stepped up security around public buildings in this country and raised the threat level to red. >>> speaking earlier, it was said the long lasting impact of terrorist attacks are low. >> research into terrorist incidents over many, many years, their economic impact, their direct economic impact tends to be very, very small, indeed. a lot of good research done on this in israel. what i would say is yes, of course, very often the economic cost is largely in how we react. what new measures are put in place to counter this sort of thing often i'm afraid a certain amount of closing the stable door after the horse has bolted. i'm afraid we live in a world where terrorism incidents are
. foreign investment law was passed in november of last year. that was a real smile tone for foreigners, especially western companies who i think for the past year to about 18 months have been seeing this as the last frontier market in asia. and the sanctions, although exactly as you rightly put out, there are other things that still need to be done in the country from a political point of view. definitely the lifting of sanctions is a very strong signal to the international community. >> so if you're in europe right thou looking at this opportunity in myanmar, now the sanctions have been lifted. i imagine there are still some pretty intense headwinds. what might those be? >> well, i think one thing that you still have to bear in mind is that while the eu sanctions may have been lifted, there is still what we call a designated lift that the u.s. still has in place. and under that, there are a whole list of business necessary myanmar that they can't do business with. and many eu companies, also for reputational reasons, they may not want to engage with those businesses. so that's still s
united states law, united states citizens cannot be tried in military commissions. >> that has provoked anger from those on capitol hill saying by trying him through the criminal justice system and reading him his rides, which were done at that initial appearance yesterday, that the administration is missing out on some meaningful intelligence. >> he will get all the rights associated with a federal court trial. he's an american citizen. i'm all for that. but most americans want to find out what he knew, who he associated with, does he know about terrorist organizations within our without the country or trying to hurt us, does he know fwhig about our future. >> meantime, members of congress will get a closed briefing or get a pair of closed briefings today from administration officials about that 2011 interview with tsarnaev's older brother, tamerlan, about why they didn't interview him again when he returned from russia last year. >> skoe scott cohen, thank you very much. >>> coming up, as the dow tries for its 15th straight tuesday gape, we're going to talk markets and more. the stori
consideration. amazon already collects sales tax. the current law requires them to collect the sales tax for online purchases if they have a physical presence in the state where the consumer lives. if the legislation passes, though, online retailers with revenues of more than a million dollars a year could be faced with the task of keeping up with 10,000 different tax jurisdictions. even though all of us are supposed to claim uncollected sales tax on the filings, i bet most of us don't. >> 10,000 tax jurisdictions. that's ridiculous. >> it's a lot. thanks a lot. airlines, railroads and the all important apple. all those reports out today. and the earnings squad standing by to break it down. this can save you hundreds of dollars on your cell phone blil. why millions around the world are kicking it when the ceo of kik messenger joins us live. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... wh
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